Mitesco Gross Margin Growth & History (MITI)

Mitesco's gross margin was −292.77% for fiscal 2021.

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Mitesco annual gross margin history

Mitesco annual gross margin

Fiscal yearPeriod endedGross marginChange (percentage points)
20212021-12-31−292.77%−316.79 pp
20142014-12-3124.02%−31.57 pp
20132013-12-3155.59%−7.69 pp
20122012-12-3163.28%−1.87 pp
20112011-12-3165.15%

Mitesco gross margin trends

Across the available reported history, Mitesco's gross margin decreased from 24.02% to −292.77%, a change of −316.79 percentage points. The latest reported quarter, Q2 2022, shows −258.51%.

About the metric

What gross margin means

Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.

Calculation and source

How gross margin is calculated

TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.

Review Mitesco filings at SEC.gov ↗